PaperShell, the Swedish material company behind a new fossil-free composite material designed to replace aluminium, plastics and glass fibre at industrial scale, has signed a Grant Agreement with the European Commission under the EU Innovation Fund.
PaperShell signs a €40.3 million grant agreement with the EU Innovation Fund
PaperShell has successfully raised 150 MSEK in a fully oversubscribed funding round, attracting both institutional and private investors. Investors include DNB Asset Management (NO), Kistefos (NO), Course Corrected (SE), Carrick Family Office (SE), alongside a mix of institutional and private strategic investors and existing shareholders.
“We are proud and grateful for the continued trust from
PaperShell has been one of the 61 selected of 359 applicants in the Medium-Scale category within the Net Zero Technologies by CINEA to the finalizing Grant Agreement Preparation phase under the EU Innovation Fund 2024, one of the world’s largest climate-innovation programmes. The €83,2 million planned expansion will scale PaperShell’s Tibro-based factory, increasing production of fossil-free and l
